The CCA Depreciation Method Requires Use of the Half-Year Convention

question 47

True/False

The CCA depreciation method requires use of the half-year convention. Assets are assumed to be acquired in the middle of the year and only one-half of the first year's depreciation is recovered in the first year.

---

Definitions:

Disoriented

A state of mental confusion or lack of awareness regarding time, place, or personal identity.

Hypnotic Medication

Drugs prescribed to induce sleep or sedation, helping to manage insomnia or surgical procedures.

Infrequent Bowel Movements

A condition characterized by less frequent than normal defecation, which can be subjective based on individual patterns.

Hard Feces

Solid bodily waste that is difficult to pass, often indicating constipation.